interesting import data for china China's trade surplus swells...

interesting import data for china


China's trade surplus swells as import growth wilts
January 10, 2012

China's exports grew 13.4 per cent in December from a year ago, the customs office said on Tuesday, a bit weaker than market expectations for a 13.5 per cent rise, while import growth slumped.

Imports rose 11.8 per cent last month, well below the median forecast for a 17.0 per cent increase in a Reuters poll and even further below the 22.1 per cent growth in the year to November.

That left the country with a trade surplus of $US16.5 billion in December, taking China's full-year trade surplus to $US155 billion in 2011, down from $US183.1 billion in 2010.
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Economists expected a surplus of $US8.8 billion in December, as compared with $US14.5 billion in November.

More to come

Reuters

Read more: http://www.smh.com.au/business/world-business/chinas-trade-surplus-swells-as-import-growth-wilts-20120110-1psya.html#ixzz1j7QUAdfN